Report: 3.7 Million Square Meters Under Contract In Multi-tenant Data Centers at End of Q1 2015
The report, by IHS, also found an increase of 5% in Q1.
With 10% growth over the same period last year, contracted floor space in multi-tenant data centers (MTDC) now totals 3.7 million square meters, with the biggest share of space found in London, Tokyo, the New York Metro area, and Virginia, according to a new report from IHS. Companies in these regions and across the globe continue to outsource their data center operations, causing both wholesale and retail colocation businesses to grow at very healthy rates.
While revenue (USD) also experienced a decent increase of nearly 5% in the first quarter, it was a bit slower than the usual double-digit growth seen the last few quarters. However, this was largely due to the weakening Euro vs. the dollar. In addition to revenue, which is subject to the ever-changing value of exchange rates, the IHS Intelligence Service covering the MTDC market also tracks space and customer power which is not affected by foreign currency moves.